Como Se Calcula El Credito Infonavit En Pesos

Infonavit is a Mexican government institution that provides affordable housing credit to low-income families. The credit amount is calculated based on several factors including the applicant's income, the property's value, and the Infonavit subsidy. This guide explains how to calculate the Infonavit credit in pesos.

What is Infonavit?

Infonavit (Instituto del Fondo Nacional de la Vivienda para los Trabajadores) is a Mexican government agency that provides affordable housing credit to low-income families. The program was created in 1942 to help workers and their families achieve homeownership.

Infonavit offers different types of credit programs, including:

Infonavit's own credit (credit Infonavit)
Bank credit with Infonavit subsidy
Mixed credit (combination of Infonavit and bank credit)

The credit amount is determined based on the applicant's income, the property's value, and the Infonavit subsidy. The subsidy is a percentage of the property's value that the government provides to help make homeownership more affordable.

How to calculate Infonavit credit in pesos

Calculating the Infonavit credit in pesos involves several steps and considerations. Here's a simplified overview of the process:

Determine your monthly income
Calculate your maximum credit amount based on your income
Consider the property's value and the Infonavit subsidy
Calculate the total credit amount

The exact calculation can vary depending on the specific Infonavit program and the applicant's circumstances. It's important to consult with an Infonavit counselor or financial advisor for personalized advice.

The formula explained

The Infonavit credit amount is typically calculated using the following formula:

Infonavit Credit Formula

Credit Amount = (Monthly Income × Maximum Credit Factor) + (Property Value × Subsidy Percentage)

Where:

Monthly Income = Applicant's monthly income in pesos
Maximum Credit Factor = The maximum credit amount allowed per month of income (varies by program)
Property Value = The value of the property in pesos
Subsidy Percentage = The percentage of the property value provided by the government as a subsidy

The Maximum Credit Factor and Subsidy Percentage can vary depending on the specific Infonavit program and the applicant's circumstances. It's important to consult with an Infonavit counselor or financial advisor for the most accurate and up-to-date information.

Worked example

Let's look at a worked example to illustrate how the Infonavit credit calculation works.

Example Scenario

Monthly Income: $15,000 MXN
Maximum Credit Factor: 10 (for this example)
Property Value: $300,000 MXN
Subsidy Percentage: 20% (for this example)

Using the formula:

Calculation

Credit Amount = ($15,000 × 10) + ($300,000 × 0.20)

Credit Amount = $150,000 + $60,000

Credit Amount = $210,000 MXN

In this example, the total Infonavit credit amount would be $210,000 MXN. However, it's important to note that this is a simplified example and the actual calculation may vary depending on the specific Infonavit program and the applicant's circumstances.

Frequently asked questions

What is the maximum credit amount I can get through Infonavit?

The maximum credit amount you can get through Infonavit depends on several factors, including your monthly income, the property's value, and the Infonavit subsidy. The exact amount can vary depending on the specific Infonavit program and your circumstances.

How long does it take to get approved for an Infonavit credit?

The approval process for an Infonavit credit can vary depending on the specific program and your circumstances. Generally, it can take several weeks to several months to get approved.

Can I pay the Infonavit credit in installments?

Yes, Infonavit credits are typically paid in installments over a period of time, usually ranging from 10 to 30 years, depending on the specific program and your circumstances.

What are the requirements to qualify for an Infonavit credit?

The requirements to qualify for an Infonavit credit can vary depending on the specific program. Generally, you'll need to meet certain income and employment requirements, as well as provide proof of identity and residency.

Can I use an Infonavit credit to buy a home outside of Mexico?

No, Infonavit credits are typically only available for the purchase of homes within Mexico. If you're interested in buying a home outside of Mexico, you may need to explore other financing options.